Episode
Inflation Surges, Energy Costs Soar: Fed Holds Off Rate Cuts
- Published
- May 12, 2026
- Duration seconds
- 81
- Processing state
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Summary
U.S. inflation surges to 3.8% in April 2025, driven by the Iran wars impact on energy costs. Gasoline prices soar 5.4% monthly, while core inflation remains relatively stable. Households and businesses feel the pinch, with Whirlpool reporting a 9% revenue drop. The Fed holds off on rate cuts, monitoring the situation as the Gulf of Hormuz shutdowns duration and potential impacts remain uncertain. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/0d958830e334a122